Middle East: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in the Middle East

The Middle Eastern coniferous roundwood market contracted to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Coniferous Roundwood Production in the Middle East

In value terms, coniferous roundwood production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Coniferous Roundwood Exports

Exports in the Middle East

In 2022, approx. X cubic meters of roundwood (coniferous) were exported in the Middle East; jumping by X% on 2021. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, coniferous roundwood exports skyrocketed to $X in 2022. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X cubic meters) was the major exporter of roundwood (coniferous), committing X% of total exports. Jordan (X cubic meters) ranks second in terms of the total exports with a X% share, followed by Oman (X%). Lebanon (X cubic meters) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to coniferous roundwood exports from the United Arab Emirates stood at X%. At the same time, Jordan (X%) and Oman (X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Lebanon experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates, Jordan and Lebanon increased by X, X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest coniferous roundwood supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Jordan ($X), with an X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Jordan (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per cubic meter in 2022, growing by X% against the previous year. Export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coniferous roundwood export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while Lebanon ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced a decline in the export price figures.

Coniferous Roundwood Imports

Imports in the Middle East

In 2022, the amount of roundwood (coniferous) imported in the Middle East fell rapidly to X cubic meters, waning by X% on the previous year. In general, imports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, coniferous roundwood imports soared to $X in 2022. Overall, imports continue to indicate a sharp decrease. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X cubic meters) represented the main importer of roundwood (coniferous), constituting X% of total imports. Oman (X cubic meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%), Israel (X%) and Turkey (X%). Iraq (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to coniferous roundwood imports into the United Arab Emirates stood at X%. At the same time, Oman (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Israel (X%), Kuwait (X%) and Turkey (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Oman (X p.p.), Kuwait (X p.p.), Israel (X p.p.) and Iraq (X p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported roundwood (coniferous) in the Middle East, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with an X% share of total imports. It was followed by Israel, with a X% share.

In the United Arab Emirates, coniferous roundwood imports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (X% per year) and Israel (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per cubic meter, with an increase of X% against the previous year. Overall, the import price saw a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per cubic meter), while Kuwait ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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